China’s one of the largest markets for any industry sector

China’s one of the largest markets for any industry sector China’s government may invest more than 100 billion yuan in alternative-energy vehicles during the next 10 years to boost the industry, the Shanghai Securities News said in August without saying how it obtained the information.

Siemens’ Cheng, based in Beijing, declined to provide sales or profit targets for Siemens in China.

“China’s one of the largest markets for any industry sector and it has the highest growth rate for any market,” Cheng said. “When you add the size of the market to the speed of the growth, it becomes very, very important.”